A strong rebound in performance in November - likely to continue in December - could save the retirement scheme from experiencing the worst-performing year on record.
Hong Kong officials plan roadshow to woo wealthy families in the Middle East and Europe to set up investment offices in the city; Japan's GPIF has hired its second overseas real estate manager; Singapore's GIC extends investments in Australian logistics; and more.
The first batch of pension providers, including China Life, will join Hong Kong’s MPF’s new electronic platform next year; Ontario Teachers' Pension acquires majority stake in private hospital chain in India; head of Korea's sovereign wealth fund's investment strategy and innovation division is named its new chief investment officer; and more.
Extreme market conditions explain some, but not all, of the reasons for the sharpest contraction in Hong Kong’s retirement fund since 2008 - reforms are needed to the 22-year-old system.
Singapore's GIC has taken part in an equity syndication program to finance the world's largest green hydrogen platform in the world; Taiwan pension funds reported investment losses in the first four months of 2022; AIA Singapore has teamed up with Franklin Templeton to launch a shariah global diversified fund for Muslim investors.
Singapore sovereign wealth fund GIC is leading a $240 million Series D funding round for open source technology company Grafana Labs; South Korea’s Yellow Umbrella Mutual Aid Fund is seeking managers for a $328 million real estate mandate; Hong Kong's Mandatory Provident Fund (MPF) posted HK$76.2 billion loss in the first quarter of 2022, and more.
Hong Kong’s Mandatory Provident Fund recorded investment losses for 2021 as local and mainland Chinese equities underperformed, but experts eye other headwinds for the coming year.
The development of ESG funds in the MPF system is still in its infancy, and experts say there will have to be a comprehensive education programme before it gains traction
MPF scheme trustees are required to review and assess whether their existing investment and risk management arrangements are in adherence to the principles.
Industry experts say it's about time the MPF embraced China government bonds as Lam announces sweeping reforms of the city's retirement fund
GIC buys 40% stake in Oxford Science Park for $218 million; Hong Kong to scrap MPF's offsetting arrangement; Malaysia's EPF and Kwap increase stakes in Bursa Malaysia; Japan's endowment fund reveals only one fund manager has been hired; Thailand and China agree to look into cross-border initiatives between capital markets; and more
EISS Super CEO resigns after failing performance test; China to launch wealth management pilots in four cities; Hong Kong's MPF grows 26% y-o-y; India's NIIF in talks to acquire and develop green energy assets; Korea Post to hire financial services firm; GIC, Baring Private Equity, IMM Private Equity to exit from Kyobo Life Insurance; Khazana to sell stake in Cenviro; EPF trims stake in oil palm planter; and more